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    SPDR® Bloomberg Barclays High Yield Bond ETF JNK

    Important Risk Disclosure

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $107.49

    as of Nov 24 2020

    Base Currency

    USD

    Assets Under Management

    $13,013.78 M

    as of Nov 24 2020

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.40%

    Quick Links

    Key Features

    Key Features

    • The SPDR® Bloomberg Barclays High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index (the "Index")
    • Seeks to provide a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidity
    • A more cost efficient way to implement a high yield exposure than via individual bonds
    • Rebalanced on the last business day of the month

    About this Benchmark

    About this Benchmark

    The Bloomberg Barclays High Yield Very Liquid Index is designed to measure the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity. High yield securities are generally rated below investment grade and are commonly referred to as "junk bonds." The Index includes publicly issued U.S. dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, but not more than fifteen years, regardless of optionality; are rated high-yield (Ba1/BB+/BB+ or below) using the middle rating of Moody's Investors Service, Inc., Fitch Inc., or Standard & Poor's Financial Services, LLC, respectively; and have $500 million or more of outstanding face value.

    Fund Information as of Nov 24 2020

    Fund Information as of Nov 24 2020
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Base Currency Investment Manager Management Team
    Bloomberg Barclays High Yield Very Liquid Index Nov 28 2007 Yes 0.40% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
    Benchmark Bloomberg Barclays High Yield Very Liquid Index
    Inception Date Nov 28 2007
    Options Available Yes
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.40%
    Base Currency USD
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Fixed Income, Cash and Currency
    Distributor Distribution Frequency
    State Street Global Advisors Funds Distributors, LLC Monthly
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Nov 24 2020

    Listing Information as of Nov 24 2020
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Nov 28 2007 USD JNK 78468R622 US78468R6229
    Exchange NYSE ARCA EXCHANGE
    Listing Date Nov 28 2007
    Trading Currency USD
    Ticker JNK
    CUSIP 78468R622
    ISIN US78468R6229

    Fund Characteristics as of Nov 25 2020

    Fund Characteristics as of Nov 25 2020
    Number of Holdings Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 Average Price Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.
    1,149 5.98% 6.08 $104.00 4.50% 5.78% 3.31 years
    Number of Holdings 1,149
    Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 5.98%
    Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 6.08
    Average Price $104.00
    Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 4.50%
    Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 5.78%
    Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

    		 3.31 years
    Option Adjusted Spread Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.
    387.64 5.23%
    Option Adjusted Spread 387.64
    Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

    		 5.23%

    Index Characteristics as of Nov 25 2020

    Index Characteristics as of Nov 25 2020
    Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
    1,083 6.01% 6.03 $104.50 4.47% 5.80% 3.22 years
    Number of Holdings 1,083
    Average Coupon 6.01%
    Average Maturity in Years 6.03
    Average Price $104.50
    Average Yield To Worst 4.47%
    Current Yield 5.80%
    Option Adjusted Duration 3.22 years
    Option Adjusted Spread Yield to Maturity
    385.77 5.25%
    Option Adjusted Spread 385.77
    Yield to Maturity 5.25%

    Yields as of Nov 24 2020

    Yields as of Nov 24 2020
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
    4.39% - 5.27%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 4.39%
    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 -
    Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 5.27%

    Fund Market Price as of Nov 24 2020

    Fund Market Price as of Nov 24 2020
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $107.54 $107.54 $107.85 $107.44 2,274,673 0.05% 0.01%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $107.54
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $107.54
    Day High $107.85
    Day Low $107.44
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 2,274,673
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 0.05%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.01%

    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2019 First Quarter of 2020 Second Quarter of 2020 Third Quarter of 2020
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 214 38 36 40
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 38 24 27 24
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2019 214
    First Quarter of 2020 38
    Second Quarter of 2020 36
    Third Quarter of 2020 40
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2019 38
    First Quarter of 2020 24
    Second Quarter of 2020 27
    Third Quarter of 2020 24
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Nov 24 2020

    Fund Net Cash Amount as of Nov 24 2020
    Net Cash Amount
    $56,624,508.97
    Net Cash Amount $56,624,508.97

    Fund Net Asset Value as of Nov 24 2020

    Fund Net Asset Value as of Nov 24 2020
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $107.49 121.07 M $13,013.78 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $107.49
    Shares Outstanding 121.07 M
    Assets Under Management $13,013.78 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Nov 28 2007
    Performance
    Month End Quarter End

    as of Oct 31 2020

    as of Sep 30 2020

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 28 2007
    Fund Before Tax
    NAV Oct 31 2020 0.33% 0.33% -0.94% 1.46% 3.27% 4.91% 4.89% 5.20%
    Market Value Oct 31 2020 0.46% 0.46% -0.77% 1.81% 3.30% 4.89% 4.86% 5.22%
    Bloomberg Barclays High Yield Very Liquid Index Oct 31 2020 0.35% 0.35% 0.27% 2.71% 4.00% 5.89% 5.95% 7.04%
    Fund After Tax
    Return after Taxes on Distributions Oct 31 2020 0.15% 0.15% -2.60% -0.77% 0.95% 2.41% 2.26% 2.24%
    Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2020 0.19% 0.19% -0.59% 0.84% 1.49% 2.63% 2.61% 2.67%
    Bloomberg Barclays High Yield Very Liquid Index Oct 31 2020 0.35% 0.35% 0.27% 2.71% 4.00% 5.89% 5.95% 7.04%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 28 2007
    Fund Before Tax
    NAV Sep 30 2020 -1.20% 4.46% -1.26% 1.38% 3.25% 5.42% 5.15% 5.21%
    Market Value Sep 30 2020 -1.01% 4.46% -1.22% 1.28% 3.21% 5.37% 5.11% 5.21%
    Bloomberg Barclays High Yield Very Liquid Index Sep 30 2020 -1.16% 4.54% -0.08% 2.65% 3.98% 6.48% 6.23% 7.06%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2020 -1.36% 3.90% -2.74% -0.86% 0.93% 2.90% 2.51% 2.25%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2020 -0.71% 2.64% -0.77% 0.79% 1.47% 3.02% 2.82% 2.68%
    Bloomberg Barclays High Yield Very Liquid Index Sep 30 2020 -1.16% 4.54% -0.08% 2.65% 3.98% 6.48% 6.23% 7.06%

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Gross Expense Ratio: 0.40%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Nov 25 2020
    Index Top Holdingsas of Nov 25 2020

    Fund Top Holdings as of Nov 25 2020

    Name Market Value ISIN Weight
    STATE ST INST US GOV MM-G 0 00/00/0000 104,336,946.02 US8574924663 0.78%
    ALTICE FRANCE SA 7.375 05/01/2026 74,241,119.73 US67054KAA79 0.56%
    TRANSDIGM INC 6.25 03/15/2026 62,257,357.57 US893647BE67 0.47%
    CARNIVAL CORP 11.5 04/01/2023 61,320,252.84 US143658BC57 0.46%
    CENTENE CORP 4.625 12/15/2029 51,076,594.46 US15135BAT89 0.38%
    CAESARS ENTERTAIN INC 6.25 07/01/2025 48,031,716.32 US28470RAH57 0.36%
    ALTICE FINANCING SA 7.5 05/15/2026 40,841,166.17 US02154CAE30 0.31%
    CCO HLDGS LLC/CAP CORP 5.125 05/01/2027 40,738,467.47 US1248EPBT92 0.31%
    CCO HLDGS LLC/CAP CORP 4.75 03/01/2030 38,848,254.93 US1248EPCD32 0.29%
    CCO HLDGS LLC/CAP CORP 4.25 02/01/2031 38,675,642.72 US1248EPCK74 0.29%

    Index Top Holdings as of Nov 25 2020

    Name ISIN Weight
    ALTICE FRANCE SA 7.375 05/01/2026 US67054KAA79 0.57%
    TRANSDIGM INC 6.25 03/15/2026 US893647BE67 0.48%
    CARNIVAL CORP 11.5 04/01/2023 US143658BC57 0.47%
    CENTENE CORP 4.625 12/15/2029 US15135BAT89 0.39%
    CAESARS ENTERTAIN INC 6.25 07/01/2025 US28470RAH57 0.38%
    ALTICE FINANCING SA 7.5 05/15/2026 US02154CAE30 0.30%
    1011778 BC / NEW RED FIN 4 10/15/2030 US68245XAM11 0.29%
    AMERICAN AIRLINES INC 11.75 07/15/2025 US023771S586 0.29%
    OCCIDENTAL PETROLEUM COR 2.9 08/15/2024 US674599CW33 0.29%
    ROYAL CARIBBEAN CRUISES 11.5 06/01/2025 US780153AZ50 0.29%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Nov 25 2020
    Index Sector Breakdownas of Nov 25 2020

    Fund Sector Breakdown as of Nov 25 2020

    Sector Weight
    Corporate - Consumer Cyclical 20.64%
    Corporate - Communications 17.31%
    Corporate - Consumer Non-Cyclical 14.95%
    Corporate - Energy 11.31%
    Corporate - Capital Goods 8.78%
    Corporate - Technology 6.98%
    Corporate - Basic Industry 4.84%
    Corporate - Electric 2.77%
    Corporate - Insurance 2.70%
    Corporate - Finance Companies 2.45%
    Corporate - REITS 1.58%
    Corporate - Transportation 1.58%
    Corporate - Industrial Other 1.32%
    Corporate - Banking 1.07%
    Corporate - Other Financial 0.85%
    Corporate - Brokerage Assetmanagers Exchanges 0.43%
    Other 0.45%

    Index Sector Breakdown as of Nov 25 2020

    Sector Weight
    Corporate - Consumer Cyclical 20.49%
    Corporate - Communications 17.30%
    Corporate - Consumer Non-Cyclical 15.31%
    Corporate - Energy 11.20%
    Corporate - Capital Goods 8.89%
    Corporate - Technology 7.23%
    Corporate - Basic Industry 4.72%
    Corporate - Insurance 2.77%
    Corporate - Electric 2.67%
    Corporate - Finance Companies 2.48%
    Corporate - REITS 1.63%
    Corporate - Transportation 1.61%
    Corporate - Industrial Other 1.36%
    Corporate - Banking 1.07%
    Corporate - Other Financial 0.85%
    Corporate - Brokerage Assetmanagers Exchanges 0.43%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Nov 25 2020
    Index Quality Breakdownas of Nov 25 2020

    Fund Quality Breakdown as of Nov 25 2020

    Name Weight
    BBB or Higher 0.58%
    BB 49.82%
    B 36.50%
    CCC or Lower 12.96%
    Not Rated 0.15%

    Index Quality Breakdown as of Nov 25 2020

    Name Weight
    BB 51.12%
    B 35.92%
    CCC or Lower 12.96%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Nov 25 2020
    Index Maturity Ladderas of Nov 25 2020

    Fund Maturity Ladder as of Nov 25 2020

    Name Weight
    0 - 1 Year 0.46%
    1 - 2 Years 1.83%
    2 - 3 Years 3.77%
    3 - 5 Years 26.18%
    5 - 7 Years 35.45%
    7 - 10 Years 28.82%
    10 - 15 Years 3.48%

    Index Maturity Ladder as of Nov 25 2020

    Name Weight
    1 - 2 Years 1.89%
    2 - 3 Years 3.88%
    3 - 5 Years 26.04%
    5 - 7 Years 36.61%
    7 - 10 Years 28.60%
    10 - 15 Years 2.99%
    Fund Documents
    Tax Documents
    Information & Schedules
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR Bloomberg Barclays High Yield Bond ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

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    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
     

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